Shri Techtex (NSE:SHRITECH) Gross-Profit-to-Asset % : 42.07% (As of Sep. 2024)

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What is Shri Techtex Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Shri Techtex's annualized Gross Profit for the quarter that ended in Sep. 2024 was ₹447.6 Mil. Shri Techtex's average Total Assets over the quarter that ended in Sep. 2024 was ₹1,064.0 Mil. Therefore, Shri Techtex's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 42.07%.

Shri Techtex Gross-Profit-to-Asset % Historical Data

The historical data trend for Shri Techtex's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shri Techtex Gross-Profit-to-Asset % Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

59.70

71.27

34.26

24.26

29.00

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			-	-	44.57	17.51	42.07

Competitive Comparison of Shri Techtex's Gross-Profit-to-Asset %

For the Textile Manufacturing subindustry, Shri Techtex's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shri Techtex's Gross-Profit-to-Asset % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shri Techtex's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Shri Techtex's Gross-Profit-to-Asset % falls into.

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Shri Techtex Gross-Profit-to-Asset % Calculation

Shri Techtex's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	252.211	/	( (738.645	+	1000.567)	/ 2 )
	=	252.211	/	869.606
	=	29.00 %

Shri Techtex's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	447.576	/	( (1000.567	+	1127.399)	/ 2 )
	=	447.576	/	1063.983
	=	42.07 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is two times the semi-annual (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Shri Techtex Gross-Profit-to-Asset % Related Terms

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Shri Techtex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

Shri Techtex Headlines

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